Asia
Briefs

Updated Oct. 12, 1999 1:36 a.m. ET

Konka Group, Lucent to Develop Mobile Phone

China's Konka Group and Lucent Technologies Inc. agreed to develop an advanced mobile phone for the Chinese market, the state-run Xinhua News Agency reported. They plan to develop a phone "characterized by high-speed data transmission, advanced language and image-processing technology, and very low energy consumption," Xinhua said. Konka said it "is confident of having 20% of the domestic mobile phone market in three years." Konka, one of China's largest home-appliance makers, lists shares for foreign investors on the Shenzhen stock exchange. The deal...